June 07, 2023

How Low? A ‘Significantly Lower’ COLA Increase on 2024’s Social Security Benefits

How Low? A ‘Significantly Lower’ COLA Increase on 2024’s Social Security Benefits
Industry News | Retirees

Retirees this year received a record-high 8.7% cost-of-living adjustment in their Social Security benefits – the largest increase in four decades – however, next year may be less than half that percentage due to inflation, according to a new estimate by The Senior Citizens League, a nonpartisan advocacy group.

For more about what this means for you and your retirees, click here to read the full article from ALM | Benefits Pro.

For more articles like this one, check out the Bentek Blog.

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